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AAR & TOL 02 (Nov 08 - Jul 09)

PostPosted: Mon Nov 03, 2008 9:54 am
by winston
Somehow I can feel that there has been a change in sentiments from "Selling on Rallies" to "Buying on Dips"..

Maybe the worst is over or is this another Bear market Trap ??

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 10:50 am
by kennynah
w : i really am afraid my sentiments is not so hot on Longing at this time...if the trade is short term....

can Long...but must trade it.. in and out double quick time...

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 10:53 am
by winston
Agree. It does not make sense for a stock to bounce 50% in 2 days.. Nothing has happened in that 2 days...

Anyway, as they say, " The trend is your friend until it breaks"...

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 10:59 am
by iam802
Alexander Elder call this the 'dead cat bounce'

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 11:02 am
by kennynah
and so, if we believe it is a mere temp bounce....we should consider bearish positions on those that have risen from the grave...as usual...risk/capital management applies for these trades...

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 11:20 am
by winston
Too difficult to predict whether this is a real rally or a dead cat bounce.. and I dont really care anymore. Today's trend is up until it breaks..

Therefore, I'm trading short term only. When there's a reversal, I'm out..

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 11:27 am
by kennynah
agree.... we cant predict...we just form an opinion..and trade that opinion ...it's always just a bet...

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 11:56 am
by winston
Last week, all the parrots on TV were talking about redemptions at Hedge Funds & Mutual Funds..

This week, the parrots were talking about "Buy and Hold"...

Wah... Sky & Earth difference in just a week. What happened in the past week other than some liquidity in the system ?

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 12:07 pm
by kennynah
like dat....siang sui liao....rocket up....ready bear positions, cock and fire off....

Re: AAR & TOL

PostPosted: Mon Nov 03, 2008 12:14 pm
by winston
kennynah wrote:like dat....siang sui liao....rocket up....ready bear positions, cock and fire off....


Cannot fire yet. This train is very strong.

Need to wait for a strong catalyst before firing...

Therefore, I'm not buiying any puts yet while I'm paring down my positions ..